Bookmakers in Las Vegas said that they lost a “considerable” sum on bets that the National Rifle Association would offer something rational after the recent shooting deaths of 20 children and six adults at a Connecticut elementary school.
“I got soaked,” said Sal Moriarty, a well-known oddsmaker in Vegas who said he lost more than $100,000 on bets after the NRA came out with a proposal that attacked gun violence in video games and sought to place armed guards in all elementary schools.
Other bookies reported similar results. One prominent oddsmaker, who asked not to be named, said that he lost more than $270,000 on bets the NRA would be contrite and open to compromise, particularly after the Connecticut shootings.
“I’d say the odds were good this time. We thought, you know, that this time it would be different. Like maybe there was some rational human being with a light on over there at the NRA. Turns out, there wasn’t.”
The bookmaker added, though, that the odds are now “decent” on bets that the NRA will seek to expand gun rights to domestic pets and certain farm animals. “There are good odds now, if you ask me. I think it’s running 3 to 1.”